v3.26.1
Reporting Segments
 3 Months Ended
Mar. 31, 2026
Reporting Segments  
Reporting Segments

16.

Reporting Segments

 

The Company reports financial results by operating segment under ASU 2023-07, “Segment Reporting (Topic 280); improvements to Reportable Segment Disclosures which enhances the existing guidance in ASC 280. The Chief Executive Officer serves as the Chief Operating Decision Maker (CODM) and evaluates segment performance based on revenue, gross profit, and operating income and allocates resources accordingly.

 

As of March 31, 2026, the Company had two reportable segments. PWT and MWS. PWT is a legacy Texas based engineering and fabrication company focused on commercial and industrial water treatment solutions. MWS is reported as discontinued operations. (see Note 3).

 

In addition to these reportable segments, two corporate categories are maintained for financial reporting. WODI Corporate, encompassing Water On Demand, Inc.’s parent-level functions such as subsidiary oversight, strategic planning, and capital formation; and OCLN Corporate, which comprises OriginClear, Inc.’s public compliance, investor relations and administrative support. Segment disclosures allocate revenues, expenses and assets in line with operational responsibility and financial control.

Reportable Segments:

 

 

 

Water System Solution Engineering

 

 

 

 

Modular/ Prefabricated and Conveyance Systems

 

 

 

 

WODI

Corporate

 

 

 

 

OCLN

Corporate

 

 

 

 

Total

 

For the three months ended March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$2,002,880

 

 

$-

 

 

$-

 

 

$-

 

 

$2,002,880

 

Gross profit

 

 

554,401

 

 

 

-

 

 

 

-

 

 

 

(273)

 

 

554,128

 

General and administrative expenses

 

 

286,391

 

 

 

-

 

 

 

91,925

 

 

 

270,314

 

 

 

648,630

 

Operating income (loss)

 

 

274,165

 

 

 

-

 

 

 

(434,237)

 

 

(341,292)

 

 

(501,364)

Segment assets (a)

 

 

4,855,229

 

 

 

-

 

 

 

53,697

 

 

 

125,642

 

 

 

5,034,568

 

Gross profit as a % of revenue

 

 

27.68%

 

 

-

 

 

 

-

 

 

 

-

 

 

 

27.67%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$712,292

 

 

$692,379

 

 

$-

 

 

$0

 

 

$1,404,671

 

Gross profit (loss)

 

 

316,982

 

 

 

187,960

 

 

 

-

 

 

 

(288)

 

 

504,654

 

General and administrative expenses

 

 

223,658

 

 

 

343,801

 

 

 

-

 

 

 

544,613

 

 

 

1,112,072

 

Operating loss

 

 

122,014

 

 

 

(385,959)

 

 

-

 

 

 

(667,006)

 

 

(930,951)

Segment assets (a)

 

 

3,251,590

 

 

 

-

 

 

 

-

 

 

 

88,722

 

 

 

3,340,312

 

Gross profit as a % of revenue

 

 

-

 

 

 

27.15%

 

 

-

 

 

 

-

 

 

 

35.93%

                                 

(a) Total Segment assets do not include assets of discontinued operations.